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The future of the Campos Basin, growing importance of natural gas in the energy transition and concerns about Brazil’s upcoming presidential elections were hot topics during a recent oil and gas conference.
Brazil’s 5th presalt production sharing round, held 10 days before the country’s upcoming presidential elections which outcome is unpredictable, attracted several oil majors.
Hart Energy spoke to Tim Dodson, executive vice president of exploration for Equinor, during the recent ONS2018 conference about the growing importance of Brazil to the company’s exploration portfolio.
The technology’s digital twin is built in parallel to the physical topsides asset during the design and build phases of a project, an executive said.
Digitalization was among the topics discussed at the forum, which also focused on issues such as collaboration and ways to boost energy transition talks without leaving the oil and gas industry behind.
The oil services companies are expected to compete in the tender by promising to boost production from the Potiguar Basin’s waning Canto do Amaro Field in northern Brazil, where production began in 1986, and offering a bigger share of output to Petrobras, sources said in June.
Petrobras has awarded Aker Solutions a contract, on Sept. 18, to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.
Petrobras said Vantage Drilling's arbitration proceedings against the company relates to a contract that was canceled as part of "Car Wash."
The contract value—which is not revealed—includes mobilization and demobilization.
This contract for subsea services covers components for both the subsea equipment and flexible pipelines.
Executives from oil and gas, supply and technology companies met in Rio de Janeiro to discuss the latest oil and gas technology trends.
According to the Brazilian major, the company’s PLSV fleet might have 16 vessels by year-end, two less than what were under contract in 2017.
With the necessity of the development of ultradeepwater projects located in the presalt layer, many FPSO unit building companies eye Brazil as a good opportunity to ensure new contracts.
Libra, a giant oil field located in Brazil’s presalt area, will boost many business opportunities over the next years.
Four years after Total and its partners paid 622 million reais (US$196 million) for five exploration blocks, they are still waiting for the go-ahead from Brazil's environmental regulator, Ibama.
Saipem’s flagship vessels FDS2 and the Normand Maximus will carry out the work, which will begin in 2019.
Petrobras said it had started production on its eighth platform in the offshore Lula Field, as it ramps up output from Brazil's Santos Basin in the coveted pre-salt oil play.
Venezuela is tapping at least five new top executives to state oil company PDVSA, six sources said on Oct. 17, but the changes are unlikely to halt the unraveling of the OPEC member's oil industry under military management.
The company also said it expects to generate substantial free cash flow in 2018, allowing it to initiate a dividend in the first-quarter of 2019.
The company has plowed big money into Brazil to replenish its dwindling reserves, starting with an oil auction in September 2017.
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Sept. 24.
Ecopetrol said production at wells had not been affected, though 19 drilling rigs had been halted.
In August, Conoco suspended legal attachments efforts that had cut Venezuela’s oil exports from several Caribbean facilities following a deal that allowed the country 90 days to make an initial $500 million payment.
The E&P sector is among the areas expected to see a hiring boost with 44 offshore production systems scheduled to start operating in Brazil by 2030, a study shows.
Grisolia, who served since August 2017 as CFO of Petrobras Distribuidora, Petrobras’ fuel distribution unit, was named to serve until March 2019.
U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on June 21.
The state oil company was the initial epicenter of that probe, which found evidence that political appointees on its board and elsewhere handed overpriced contracts to engineering firms in return for illicit party funding and bribes.
A Brazilian auction of rights to develop additional oil-producing areas in the country’s so-called transfer-of-rights region is unlikely this year, Brazil’s Deputy Mining and Energy Minister Marcio Felix said on Aug. 21.
The move is expected to unlock $16 billion in investment for Latin America’s top oil producer
Conoco will suspend legal enforcement of the arbitration award as long as the payments continue, spokesman Daren Beaudo said. He declined to say if the payments would be made in cash or crude oil, adding details of the agreement are confidential.
State-run Brazilian oil company Petrobras is working to sell $21 billion in assets over a two-year period to reduce its debt.